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how can ANY wealthy people support Biden?
Posted on 4/28/21 at 11:32 am
Posted on 4/28/21 at 11:32 am
more taxes on the rich is his agenda from day one. All his brilliant spending plans are funded by tax increases such as:
Family Plan = Tax Increases
Family Plan = Tax Increases
23
Posted on 4/28/21 at 11:33 am to bayou choupique
Because the rhetoric to tax the wealthy invariably only leads to middle class tax increases as always.
Posted on 4/28/21 at 11:33 am to bayou choupique
I know a VERY rich guy who voted for him. Says avoiding taxes is what he does, figures he could keep it going.
Posted on 4/28/21 at 11:34 am to bayou choupique
Most of the rich have ppl who are good at taxes.
Posted on 4/28/21 at 11:35 am to bayou choupique
I’m positive some posters will offer much more insightful takes, but a couple of things that come to my mind are academic brain washing and white guilt
Posted on 4/28/21 at 11:35 am to bayou choupique
quote:Some people care about more than just purely maximizing their own take. And lots of ultra-wealthy people now have the luxury of not caring.
how can ANY wealthy people support Biden?
Some of the stuff in there makes sense - ironically, the parts that are least likely to pass, e.g. elimination of 1031 exchanges.
Posted on 4/28/21 at 11:38 am to bayou choupique
Because the super wealthy can pay lobbyists to carve out loopholes to protect their wealth, however, the vast majority of us can’t and our taxes go up.
It is their fricked version of virtue signaling.
It is their fricked version of virtue signaling.
Posted on 4/28/21 at 11:39 am to Powerman
quote:It appears this time could actually be different.
Because the rhetoric to tax the wealthy invariably only leads to middle class tax increases as always.
Posted on 4/28/21 at 11:43 am to Big Scrub TX
quote:
It appears this time could actually be different.
Possibly
I'll wait and see what the final legislation is after compromises and negotiations
Posted on 4/28/21 at 11:44 am to Powerman
quote:There's definitely going to be higher tiers of cap gains taxes - I don't think anywhere near the 40%, but that's just Trump style negotiation shite. It will be materially higher for people with gains over a million.
I'll wait and see what the final legislation is after compromises and negotiations
Posted on 4/28/21 at 11:45 am to bayou choupique
Raise income taxes = doesn't affect superwealthy
Raise death tax = doesn't affect superwealthy while living
Raise corporate taxes = doesn't affect superwealthy
Raise taxes that cripple small business = boost equity portfolio of superwealthy
Keep interest rates at 0% and the superwealthy can live off credit forever.
Raise death tax = doesn't affect superwealthy while living
Raise corporate taxes = doesn't affect superwealthy
Raise taxes that cripple small business = boost equity portfolio of superwealthy
Keep interest rates at 0% and the superwealthy can live off credit forever.
Posted on 4/28/21 at 11:49 am to bayou choupique
How can ANY?
All the money in this country vote democrat. Give me a fricking break.
All the money in this country vote democrat. Give me a fricking break.
Posted on 4/28/21 at 11:50 am to bayou choupique
1) They have their banks in Switzerland and the Cayman Islands, so their cash isn’t really touched.
2) They’re not in it for the money but power.
2) They’re not in it for the money but power.
Posted on 4/28/21 at 11:50 am to bayou choupique
You'd be surprised how many rich people suffer from guilt.
Posted on 4/28/21 at 11:56 am to Powerman
quote:THIS ... in spades!
Because the rhetoric to tax the wealthy invariably only leads to middle class tax increases as always.
Posted on 4/28/21 at 11:57 am to bayou choupique
Does this include ALL professional athletes who make millions annually?
It should right?
It should right?
Posted on 4/28/21 at 12:01 pm to bayou choupique
LIBS are mostly ignorant when it comes to tax laws.....
As long as the DEMS are in power, they don't care about anything else, other than pushing the LEFT agenda and narrative.
Everything Conservative = bad
Everything Liberal = good
In fact, LIBS will vote to pay MORE taxes, if it means to keep Cnservatives out!
As long as the DEMS are in power, they don't care about anything else, other than pushing the LEFT agenda and narrative.
Everything Conservative = bad
Everything Liberal = good
In fact, LIBS will vote to pay MORE taxes, if it means to keep Cnservatives out!
Posted on 4/28/21 at 12:04 pm to bayou choupique
When you already have a billion dollars in the bank, (on-shore or off-shore) and your business makes $10 million profit every year, $5 million in taxes is chump change.
eta: they don't feel it, so they don't care.
eta: they don't feel it, so they don't care.
This post was edited on 4/28/21 at 11:52 pm
Posted on 4/28/21 at 12:04 pm to bayou choupique
Had a very wealthy surgeon friend who voted for Biden. She said she would happily pay more taxes to get Trump out. Also said " her taxes wouldn't be going in Trumps pocket anymore"
Posted on 4/28/21 at 12:06 pm to bayou choupique
quote:a lot of the ones that do, can afford their taxes
how can ANY wealthy people support Biden?
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